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Bitcoin has a look below 97k again
Earlier this morning Bitcoin stalled at 98,489 and that was long before the European markets got underway. Well, since then there has been no further progress for BTC. In fact it has all been in the opposite direction and not long ago the lead coin fell to fresh session lows, as it dropped below 97k. The low seen so far has taken it back close to the earlier noted 100 day moving average. That is in place right now at 96,036. However, it has not come under immediate threat yet, with the low so far being set at 96,631 and BTC is bouncing again right now. The reader is also reminded of the price point of the 50 day moving average. That is now in place at 98,702. So, as you can see, for the time being these two moving averages still have it covered. BTC is right now at 96,930
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